On Command Announces Closing Date for Acquisition by Liberty Media DENVER, Dec. 3 /PRNewswire-FirstCall/ -- On Command Corporation (BULLETIN BOARD: ONCO) , a leading provider of in-room interactive entertainment for the hotel industry and its guests, announced today that the closing of its previously announced transaction with Liberty Media Corporation, pursuant to which Liberty Media will acquire all the shares of On Command common stock that are not already beneficially owned by Liberty Media and its subsidiaries, is currently expected to occur on December 5, 2003 following On Command's Special Meeting of Stockholders. The closing is contingent upon approval of the transaction by On Command's stockholders and other customary closing conditions, and the closing date is subject to change. If the transaction is in fact completed on December 5, 2003, On Command shareholders who have not validly exercised their appraisal rights will have the right to receive .175 of a share of Liberty Media Series A common stock in exchange for each share of On Command common stock held on December 5, 2003. Such ratio is based on the average closing price of Liberty Media Series A common stock for the five trading days ending on the third trading day prior to the closing date. Accordingly, if the closing occurs after December 5, 2003, the final ratio may change in accordance with the terms of the previously disclosed merger agreement between On Command and Liberty Media. About On Command On Command Corporation ( http://www.oncommand.com/ ) is a leading provider of in-room entertainment technology to the lodging and cruise ship industries. On Command is a majority-owned subsidiary of Liberty Satellite & Technology, Inc., a wholly-owned subsidiary of Liberty Media Corporation. On Command entertainment services include: on-demand movies; television Internet services using high-speed broadband connectivity; television email; short form television features covering drama, comedy, news and sports; PlayStation video games; and music-on-demand services through Instant Media Network, a majority-owned subsidiary of On Command Corporation and the leading provider of digital on-demand music services to the hotel industry. All On Command products are connected to guest rooms and managed by leading edge video-on-demand navigational controls and a state-of-the art guest user interface system. The guest menu system can be customized by hotel properties to create a robust platform that services the needs of On Command hotel partners and the traveling public. On Command and its distribution network services more than 1,000,000 guest rooms, which touch more than 300 million guests annually. On Command's direct served hotel properties are located in the United States, Canada, Mexico and Spain. On Command distributors serve cruise ships operating under the Royal Caribbean, Costa and Carnival flags. On Command hotel properties include more than 100 of the most prestigious hotel chains and operators in the lodging industry: Accor, Adam's Mark Hotels & Resorts, Fairmont, Four Seasons, Hilton Hotels Corporation, Hyatt, Loews, Marriott (Courtyard, Renaissance, Fairfield Inn and Residence Inn), Radisson, Ramada, Six Continents Hotels (Inter-Continental, Crowne Plaza and Holiday Inn), Starwood Hotels & Resorts (Westin, Sheraton, W Hotels and Four Points), and Wyndham Hotels & Resorts. Certain of the above statements, other than statements relating to the historical performance of On Command, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the actual results, performance, or achievements of On Command, or industry results, to differ materially from future results, performance, or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors include, among others: general economic and business conditions and industry trends; the regulatory and competitive environment of the industry in which On Command operates; uncertainties inherent in new business strategies; new product launches and development plans, including the future profitability of such added services and the large capital expenditures involved; rapid technological changes; the acquisition, development and/or financing of telecommunications networks and services; the development and provision of new services, including the customer acceptance and use rates; future financial performance, including availability, terms and deployment of capital; the ability of vendors to deliver required equipment, software and services; availability of qualified personnel; changes in the nature of key strategic relationships with hotel chains and their franchises, including the renewal of existing agreements on favorable terms; and competitor responses to On Command's products and services, and the overall market acceptance of such products and services. These factors are also discussed in On Command's filings with the Securities and Exchange Commission, including its recent filings on Form 10-K and Form 10-Q. These forward-looking statements (and such risks, uncertainties and other factors) speak only as of the date hereof, and On Command expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein, to reflect any change in On Command's expectations with regard thereto, or any other changes in events, conditions, or circumstances on which any such statement is based. DATASOURCE: On Command Corporation CONTACT: Tad Walden, Corporate Communications, +1-720-873-3321, , or Bernard G. Dvorak, SVP and CFO, +1-720-873-3640, , both of On Command Corporation Web site: http://www.oncommand.com/

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